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Historically, the Royal Bank of Scotland stock price went from a high of over 6,900 pence in early 2007 (taking into account a 3 for 1 reverse stock split that took place later that year) to around 120 pence February 2009 and up to 187 pence by December 2011. [64] In 2012 RBS shares were consolidated on a 1 for 10 basis.
The company pioneered the offset mortgage in the UK; it was conceived as a joint venture between Virgin Direct (Virgin's financial services company) and The Royal Bank of Scotland in 1997. Initially, the company was known as the 'Virgin One account' and promoted to Virgin Direct's 200,000 strong UK customer base.
In March 2018, it was revealed that the then Royal Bank of Scotland Group were planning to establish a digital banking brand to rival services offered by newly established and tech-focused challenger banks. [1] The name of the new banking brand, Bó, was announced in September 2018. [2]
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NatWest Group plc [1] is a British banking and insurance holding company, based in Edinburgh, Scotland.. The group operates a wide variety of banking brands offering personal and business banking, private banking, investment banking, insurance and corporate finance.
RBS International was founded as Williams Deacons Investment and Finance Limited in 1966, becoming Williams & Glyn's Bank Investments (Jersey) Limited in 1970, Williams & Glyn's Bank (Jersey) Limited in 1982 and The Royal Bank of Scotland (Jersey) Limited in 1985, before adopting the present name in 2003. [4]
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Tesco purchase of RBS stake completed 2008 Q4 Tesco Personal Finance Limited , [ 1 ] trading as Tesco Bank , is a British retail bank which was launched in July 1997. The bank was formed as part of a 50:50 joint venture between The Royal Bank of Scotland and Tesco , the largest supermarket in the United Kingdom, employing 2,800 people.